Rongyu Group
Formerly called | Jilin Yongda Group |
|---|---|
| public | |
| Traded as | SZSE: 002622 |
| Founded |
|
| Founder |
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| Headquarters | Jilin City, China |
| Brands | YDD |
| Revenue |
 CN¥146.5 million (2015) |
 CN¥91.0 million (2015) | |
| Profit |
CN¥90.3 million (2015) |
| Total assets |
CN¥1.352 billion (2015) |
| Total equity |
CN¥1.154 billion (2015) |
| Owner | Guangzhou Hui Yin Ri Feng (23.81%) |
| Website | jlydjt.com |
|
Footnotes / references in consolidated basis[1] | |
| Rongyu Group Co., Ltd. | |||||||
| Simplified Chinese | 融钰集团股份有限公司 | ||||||
|---|---|---|---|---|---|---|---|
| Traditional Chinese | 融鈺集團股份有限公司 | ||||||
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| Jilin Yongda Group Co., Ltd. | |||||||
| Simplified Chinese | 吉林永大集团股份有限公司 | ||||||
| Traditional Chinese | 吉林永大集團股份有限公司 | ||||||
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Rongyu Group Co., Ltd. is a Chinese listed company based in Jilin City, Jilin Province. as at 8 November 2016, the company was a constituent of SZSE 1000 Index (as well as sub-index SZSE 700 Index) but not in SZSE Component Index, making the company was ranked between the 501st to 1,000th by free float adjusted market capitalization.
Business overview
The company was a producer of energy meters, permanent magnetic AC contactor, moulded case circuit breaker (MCCB), miniature circuit breaker (MCB) and high voltage vacuum breaker. However, the company was under reconstruction since 2015, seeking new area of investment.
In September 2015 the company also announced that they would acquire a company that operates icardpay.com, an online payment system.[2] However, the deal was terminated by the board of directors in June 2016.[3]
On 2 June 2016 the company announced an investment into a private equity fund for 300 million RMB,[4] which later revealed that the fund would acquire Italian football club A.C. Milan.[5] The takeover bid was €520 million. The fund (Chinese: 中欧体育投资长兴合伙企业(有限合伙)) would raise a maximum of 4.5 billion RMB to finance the bid.[5]
In November 2016 the company was renamed into Rongyu Group.[6]
Ownership
In 2015 the largest shareholder of the company, former chairman Lu Yongxiang (Chinese: 吕永祥), sold his 23.81% stake to a private equity fund (Chinese: 广州汇垠日丰投资合伙企业(有限合伙), literally Guangzhou Hui Yin Ri Feng Investment Partnership (Limited Partnership)) The deal was completed in 2016.[7][8] A joint venture of Ping An Insurance and UOB Asset Management, Ping An – UOB Fund, was a limited partner of Guangzhou Hui Yin Ri Feng for 99.9996% stake. The general partner and the manager of the fund was Guangzhou Hui Yin Ao Feng (Chinese: 广州汇垠澳丰股权投资基金管理有限公司). The largest shareholder of the management company was the Government of Guangzhou City for 30.68% stake.
References
- ↑ 2015 Annual Report (in Chinese)
- ↑ "关于筹划重大资产重组的停牌公告". Jilin Yongda Group (in Chinese). Hosted by cninfo.com.cn. 24 September 2015. Retrieved 16 August 2016.
- ↑ "关于终止重大资产重组事项的公告". Jilin Yongda Group (in Chinese). Hosted by cninfo.com.cn. 23 June 2016. Retrieved 16 August 2016.
- ↑ "关于全资子公司永大创新金融服务(深圳)有限公司拟参与投资产业并购基金的公告". Jilin Yongda Group (in Chinese). Hosted by cninfo.com.cn. 2 June 2016. Retrieved 16 August 2016.
- 1 2 "关于中欧体育投资管理长兴有限公司与Fininvest S.p.A.签署收购A.C.米兰俱乐部99.93%股权协议的公告". Jilin Yongda Group (in Chinese). Hosted by cninfo.com.cn. 12 August 2016. Retrieved 16 August 2016.
- ↑ "关于变更公司名称及证券简称的公告" (PDF). Rongyu Group (in Chinese). Shenzhen Stock Exchange. 8 November 2016. Retrieved 15 November 2016.
- ↑ "关于控股股东协议转让公司相关股份完成过户登记的公告". Jilin Yongda Group (in Chinese). Hosted by cninfo.com.cn. 18 July 2016. Retrieved 16 August 2016.
- ↑ "关于详式权益变动报告书的补充更新公告". Jilin Yongda Group (in Chinese). Hosted by cninfo.com.cn. 15 July 2016. Retrieved 16 August 2016.